Sydney (South) - Haymarket
Statistical Area - sa2

Population growth drivers in Sydney (South) - Haymarket are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Sydney South Haymarket's population is approximately 23,797 as of August 2025. This figure represents an increase of 3,862 people since the 2021 Census, which reported a population of 19,935. The growth was inferred from ABS estimated resident population of 23,777 in June 2024 and additional validated new addresses since the Census date. This results in a density ratio of 22,034 persons per square kilometer, placing it within the top 10% of locations assessed by AreaSearch. The area's growth rate of 19.4% since 2021 exceeded both state (6.4%) and metropolitan averages, indicating significant population increase driven primarily by overseas migration contributing approximately 93.7%. AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022.

For areas not covered, NSW State Government's SA2 level projections from 2022 using 2021 as the base year are applied. Growth rates by age group are projected until 2041 for all areas. Future trends forecast significant population increase in the top quartile of Australian statistical areas; Sydney South Haymarket is expected to grow by 10,129 persons by 2041, reflecting a total increase of 42.4% over the 17-year period.

The level of residential development activity in Sydney (South) - Haymarket was found to be higher than 90% of real estate markets across the country

Sydney South Haymarket has seen approximately 170 new homes approved annually. Over the past five financial years, from FY21 to FY25, around 854 homes were approved, with none yet approved in FY26.

On average, 2.3 people moved to the area per new home constructed over these years, indicating strong demand that supports property values. This financial year has seen $163.7 million in commercial approvals, suggesting robust commercial development momentum. Compared to Greater Sydney, Haymarket records higher construction levels, at 41% above the regional average per person over five years, offering varied buyer options while sustaining existing demand.

Recent development has focused on medium and high-density housing, providing affordable entry pathways for downsizers, investors, and first-time purchasers. By 2041, Haymarket is projected to grow by 10,088 residents. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Sydney (South) - Haymarket has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 72 projects that could impact this region. Notable projects include Mariyung Fleet (New Intercity Fleet), Atlassian Central, Harbourside Redevelopment by Mirvac, and Hyde Metropolitan. The following details those considered most relevant.

Professional plan users can use the search below to filter and access additional projects.

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The labour market strength in Sydney (South) - Haymarket positions it well ahead of most Australian regions

Sydney South - Haymarket has a highly educated workforce with professional services being strongly represented. The unemployment rate is 1.7% as of June 2025.

There has been relative employment stability in the area over the past year. As of June 2025, 14,580 residents are employed while the unemployment rate is 2.5% lower than Greater Sydney's rate of 4.2%. Workforce participation is broadly similar to Greater Sydney's 60.0%. Key industries of employment among residents are accommodation & food, professional & technical, and finance & insurance.

The area has a notable concentration in accommodation & food with employment levels at 4.3 times the regional average. Health care & social assistance has limited presence with 6.3% employment compared to 14.1% regionally. There are 2.6 workers for every resident, indicating that the area functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Over the 12 months to June 2025, employment increased by 0.3% while labour force increased by 0.6%, causing the unemployment rate to rise by 0.3 percentage points. Greater Sydney recorded employment growth of 2.6%, labour force growth of 2.9%, with unemployment rising 0.3 percentage points during this period. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment expansion by 6.6% over five years and 13.7% over ten years. Applying these projections to Sydney South - Haymarket's employment mix suggests local growth of approximately 6.7%% over five years and 13.3% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections.

The area's income profile falls below national averages based on AreaSearch analysis

AreaSearch's latest postcode level ATO data for financial year 2022 shows that income in Sydney (South) - Haymarket is among the top percentile nationally. The median income is $42,927 and the average income stands at $107,563. This contrasts with Greater Sydney's figures of a median income of $56,994 and an average income of $80,856. Based on Wage Price Index growth of 12.61% since financial year 2022, current estimates would be approximately $48,340 (median) and $121,127 (average) as of September 2025. Census data reveals household income ranks at the 73rd percentile ($2,108 weekly), while personal income sits at the 53rd percentile. Distribution data shows that the predominant cohort spans 34.6% of locals (8,233 people) in the $1,500 - 2,999 category, reflecting patterns seen in the broader area where 30.9% similarly occupy this range. The district demonstrates considerable affluence with 31.0% earning over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 25.8% of income, though strong earnings still place disposable income at the 58th percentile and the area's SEIFA income ranking places it in the 8th decile.

Sydney (South) - Haymarket features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Dwelling structure in Sydney (South) - Haymarket, as per the latest Census, consisted of 0.1% houses and 99.9% other dwellings such as semi-detached properties, apartments, and 'other' dwellings, compared to Sydney metropolitan area's 2.3% houses and 97.7% other dwellings. Home ownership in Sydney (South) - Haymarket was at 12.0%, with the rest either mortgaged at 11.0% or rented at 76.9%. The median monthly mortgage repayment in the area was $2,600, lower than Sydney metro's average of $2,705. The median weekly rent figure was recorded at $620, compared to Sydney metro's $550. Nationally, Sydney (South) - Haymarket's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Sydney (South) - Haymarket features high concentrations of group households and lone person households, with a higher-than-average median household size

Family households constitute 50.3% of all households, including 9.2% couples with children, 33.5% couples without children, and 4.5% single parent families. Non-family households account for the remaining 49.7%, with lone person households at 30.4% and group households comprising 19.3%. The median household size is 2.3 people, larger than the Greater Sydney average of 1.9.

The educational profile of Sydney (South) - Haymarket exceeds national averages, with above-average qualification levels and academic performance metrics

Educational attainment in Sydney (South) - Haymarket is notably high. 53.0% of residents aged 15+ possess university qualifications, compared to national figures of 30.4% and NSW's 32.2%. Bachelor degrees are most common at 36.2%, followed by postgraduate qualifications at 15.1% and graduate diplomas at 1.7%. Vocational credentials are also prevalent, with 26.1% of residents holding such qualifications - advanced diplomas at 18.9% and certificates at 7.2%.

Educational participation is high, with 43.9% of residents currently enrolled in formal education. This includes 12.8% in tertiary education, 2.0% in primary education, and 1.6% pursuing secondary education. Australian International High School operates within Sydney (South) - Haymarket but has no enrolled students. Secondary education is dominated by one school, while primary students typically attend schools in nearby areas due to the lack of local educational services.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis indicates 61 active stops operating within Sydney (South) - Haymarket. These stops offer a mix of ferry, train, light rail, and bus services. They are serviced by 143 individual routes, collectively providing 57,309 weekly passenger trips.

Transport accessibility is rated excellent, with residents typically located 147 meters from the nearest stop. Service frequency averages 8,187 trips per day across all routes, equating to approximately 939 weekly trips per stop.

Sydney (South) - Haymarket's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Sydney South - Haymarket shows excellent health outcomes with low prevalence of common conditions across all ages. Private health cover stands at approximately 75% (17,776 people), compared to Greater Sydney's 69.7%. Nationally, this figure is 55.3%.

The most prevalent conditions are asthma and mental health issues, affecting 2.9% and 2.9% respectively. A total of 90.9% report no medical ailments, higher than Greater Sydney's 77.4%. The area has a lower proportion of seniors aged 65 and over at 4.5% (1,082 people), compared to Greater Sydney's 9.7%. Health outcomes among seniors align with the general population's profile.

Sydney (South) - Haymarket is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Sydney South's Haymarket area is one of Australia's most culturally diverse regions, with 76.0% of residents speaking a language other than English at home and 82.9% born overseas. The dominant religion in this area is Buddhism, comprising 30.2% of the population, which is significantly higher than the Greater Sydney average of 7.1%. In terms of ancestry, the top three groups are Chinese (33.5%), Other (33.3%), and English (9.1%).

These figures differ notably from regional averages: Chinese (13.0%), Other (16.1%), and English (19.8%). There are also notable differences in the representation of Korean (3.1% vs 1.1%), Spanish (0.8% vs 1.0%), and Vietnamese (2.2% vs 1.2%) ethnic groups compared to regional averages.

Sydney (South) - Haymarket hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Sydney South - Haymarket's median age at 31 years is lower than the Greater Sydney average of 37 and the Australian median of 38. Compared to Greater Sydney, it has a higher percentage of residents aged 25-34 (42.0%) but fewer residents aged 5-14 (2.2%). This 25-34 concentration is significantly higher than the national average of 14.5%. Between 2021 and present, the 35 to 44 age group has increased from 19.8% to 21.0% of the population. Conversely, the 55 to 64 age group has decreased from 5.0% to 4.0%. By 2041, demographic projections suggest significant changes in Sydney South - Haymarket's age profile. The 25 to 34 age cohort is projected to grow by 2,317 people (23%), from 10,004 to 12,322 residents.